Quarterly Results June 2013

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Disclaimer

This presentation has been prepared by Evolution Mining Limited (“Evolution Mining”) and consists of slides for a

presentation concerning the company. By reviewing/attending this presentation, you acknowledge and agree the

following.

This presentation includes forward-looking statements. Forward-looking statements inherently involve subjective

judgement and analysis and are subject to a number of risks, uncertainties, contingencies and other factors, many of

which are outside the control of, and may be unknown to, Evolution Mining. As such, actual results or performance

may vary materially from those expressed or implied by forward-looking statements. The types of factors that could

cause such variation in actual results or performance include (without limitation) commodity prices, operational

problems and general economic conditions. Given these factors, under reliance should not be placed on forward-

looking statements, which speak only as at the date of this presentation. Subject to any continuing obligations under

applicable law or any relevant stock exchange listing rules, Evolution Mining does not undertake any obligation to

publicly update or revise any forward-looking statements contained in this presentation, including (without limitation)

where Evolution Mining’s expectations change in relation to such statements and where there is a change in events,

conditions or circumstances providing the basis for any such statement.

No representation or warranty, express or implied, is made as to the accuracy, completeness, reliability, fairness or

correctness of the information contained in this presentation. To the maximum extent permitted by law, Evolution

Mining and its related bodies corporate and affiliates, and each of their respective directors, officers, employees,

agents and representatives, disclaim any liability or responsibility for loss or damage arising from or in connection with

the use of the information contained in this presentation.

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Production

Corporate

Growth

June Quarter Highlights

Record quarterly production of 112,559ozeq at a cash cost of A$762/oz

Mt Rawdon all-time record quarterly production of 35,165oz

Full year production of 392,920ozeq – well within original guidance of 370 - 410koz

Full year attributable cash cost of A$790/oz – within original guidance

Cash in bank at 30 June 2013 was A$13.7M

Credit facility drawn to A$126.8M with available credit of A$73.2M

Expected impairment to book value of mine assets and goodwill of A$350M - A$400M

Mt Carlton achieved commercial production on 1 July 1 2013

A$20M exploration budget for FY14

Corporate

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June Quarter Production

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Consolidated Production

Summary Units

Jun

Quarter

2013

Mar

Quarter

2013

Dec

Quarter

2012

Sep

Quarter

2012

FY13

Gold produced1 oz eq. 112,559 84,251 101,663 94,446 392,920

By-product silver produced oz 81,211 62,024 84,747 79,743 307,726

C1 Cash Cost2 A$/oz 762 918 764 732 790

Total Cost3 A$/oz 1,366 1,427 1,241 1,135 1,290

Gold sold oz 98,403 84,357 103,258 90,960 376,978

Achieved gold price A$/oz 1,494 1,573 1,646 1,613 1,582

Silver sold oz 383,851 62,024 84,747 79,743 610,366

Achieved silver price A$/oz 23 29 31 30 26

1. Gold plus payable silver from the A39 deposit at Mt Carlton. A39 silver converted to gold equivalent using ratio of average gold to silver price

during the quarter

2. Before royalties and after silver credits (other than silver produced from Mt Carlton A39)

3. Includes C1 cash costs, depreciation, amortisation, royalties and other expenses

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FY2014 Guidance

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FY2014 Guidance

A focus on high margin ounces and disciplined capital expenditure

Guidance FY2014 Gold Equiv. Cash Operating Capital Expenditure

Production (oz) Costs (A$/oz) (A$M)

Cracow 82,500 – 90,000 840 – 890 30 – 35

Pajingo 72,500 – 80,000 800 – 850 30 – 35

Mt Rawdon 95,000 – 110,000 725 – 775 60 – 65

Edna May 85,000 – 95,000 800 – 850 25 – 30

Mt Carlton 65,000 – 75,000 700 – 750 15 – 20

Group 400,000 – 450,000 770 – 820 160 – 185

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Operations

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Consistent gold production of 23,663oz at cash operating cost of A$928/oz

FY13 production of 102,560oz at average cash cost of A$867/oz – above top

end of production guidance of 90,000 – 100,000oz

FY14 guidance: production 82,500 – 90,000oz, cash cost A$840 – A$890/oz

and capital expenditure A$30M – A$35M

Cracow

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Underground mining at Cracow

25,750oz 28,574oz

24,572oz 23,663oz

$736

$861 $955 $928

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Pajingo 23,367oz of gold at a cash operating cost of A$830/oz

187,565t ore treated; 7% increase on March quarter

FY13 production of 85,918oz at average cash cost of A$807/oz

FY14 guidance: production 72,500 – 80,000oz, cash cost A$800 – A$850/oz and

capital expenditure A$30M – A$35M

Pajingo Plant

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Pajingo Plant

15,651oz

24,340oz 22,559oz 23,367oz

$966

$695

$830

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18,671oz of gold produced at cash operating cost of A$1,017/oz

FY13 production of 86,216oz at average cash cost of A$900/oz; well above

production guidance of 75,000 – 80,000oz and an 18% increase on FY12

production of 73,264oz

FY14 guidance: production 85,000 – 95,000oz, cash cost A$800 – A$850/oz and

capital expenditure $A25M – A$30M

Edna May Crushing Circuit

Edna May

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Edna May Open Pit

25,925oz 22,763oz

18,857oz 18,671oz

$752

$838

$1,063 $1,017

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Mt Rawdon Record quarter gold production 35,165oz at a cash cost of A$468/oz

Higher production due to positive grade reconciliations and access to higher grade

ore sources

FY13 production of 106,089oz at average cash cost of A$613/oz; in line with

production and at the lower end of cost guidance of A$600 – A$660/oz

FY14 guidance: production 95,000 –110,000oz, cash cost A$725 –A$775/oz and

capital expenditure A$60M – A$65M

Mt Rawdon Pit June 2012

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Mt Rawdon Open Pit

27,121oz 25,986oz

17,817oz

35,165oz $576 $658

$891

$468

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June quarter production of 936,338oz of silver contained in 7,382t concentrate

Silver concentrate shipments commenced successfully in May. Gold concentrate

shipments to commence in August

Commercial production declared as of 1 July 2013

FY14 guidance : production 65,000 – 75,000ozeq, cash cost A$700 – A$750/ozeq

and capital expenditure A$15M – A$20M

Mt Carlton

Flotation Tanks SAG mill infrastructure

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V2 Pit A39 Concentrate Bags For

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Exploration

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Initiation of 4D studies at Cracow, Pajingo and Mt Carlton

Re-processing improvements to magnetic and IP datasets

Pajingo and Cracow :

Vertical seismic profiling and sonic logs successful

30.5 km of 2D seismic lines planned and initiated at Pajingo (22.5km)

and Cracow (8.0km)

Mt Carlton - drill testing and soil sampling of regional targets

Mt Rawdon - exploration on prioritised targets on regional tenements

Edna May - exploration on prioritised targets at Holleton and Westonia

Exploration Highlights

Drilling at Mt Carlton

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Pajingo

Lynne Vein

18 diamond holes

New sub-vertical vein

Significant intersections:

4.5m @ 11.07g/t Au

2.3m @ 16.5g/t Au

Regional implications:

3 parallel vein systems

> 1200m vertical extent

Vertical and stratabound

epithermal mineralisation

Lynne Vein Cross Section

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Pajingo

Lynne longitudinal section looking north (mine grid) showing drill hole pierce points and significant assays (down-hole widths).

Moonlight Long Section

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Financials

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Financials

Revenue from operations of A$148.9M from

gold sales of 98,403oz at an average price of

A$1,494/oz and 81,211oz of by-product silver

at A$22.80/oz

Additional $7M generated from Mt Carlton

A39 silver concentrate sales

Gold hedge book at 30 June 2013 totalled

85,422 oz at $A1,573/oz

Cash in bank at 30 Jun 2013 of A$13.7M

Revolving credit facility at 30 Jun 2013 of

A$126.8M with available credit A$73.2M

Total capital expenditure in the quarter was

A$80.9M consisting of:

A$58.8M invested at existing operations

A$22.1M invested at Mt Carlton

Expected impairment to book value of mine

assets of A$350M - A$400M

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Australia’s leading mid-tier gold producer

We Say, We Do, We Deliver

Summary

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Record quarterly performance

Annual production and cash costs in line with

original guidance

Focused on efficient production

Exciting exploration potential

FY14 production guidance 400 – 450koz Au eq

at C1 cash cost of A$770 – A$820/oz

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Evolution Mining ASX Code: EVN

www.evolutionmining.com.au

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Appendix - Production Summary

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1. Mt Carlton yet to achieve commercial production – operating costs have been capitalised 2. Gold plus payable silver from the A39 deposit at Mt Carlton. A39 silver production in the June Quarter is converted to gold equivalent using a gold to silver ratio of 1:61.7 – based on

the average gold and silver prices during the quarter 3. June quarter production of 112,559oz reported here is a 34oz increase on the production figure released to ASX on 4 July 2013 – as a result of final inventory adjustments completed

subsequent to 4 July 2013 4. Price related inventory adjustment for stockpiles held at net realisable value 5. Depreciation & Amortisation - Acquisition, represents the depreciation and amortisation on the fair value uplift of asset values due to business combinations 6. Depreciation & Amortisation - Operations, represents the depreciation and amortisation on book value of asset and, where applicable, the estimated cost of future mine development

June 2013 Quarter Units Cracow Pajingo Edna

May

Mt

Rawdon

Mt

Carlton1

Total /

Average

UG lateral development - capital m 1,025 1,087 0 0 0 2,112

UG development - operating m 983 355 0 0 0 1,338

Total UG lateral development m 2,008 1,442 0 0 0 3,450

UG ore mined kt 124 76 0 0 0 200

UG grade mined g/t 5.77 4.69 0.00 0.00 0.00 5.43

OP capital waste kt 0 0 1,118 3,019 1,958 6,096

OP operating waste kt 0 265 547 287 1,140 2,239

OP ore mined kt 0 120 707 1,175 218 2,221

OP grade mined2 g/t 0.00 3.20 0.94 1.18 4.21 1.51

Total ore mined kt 124 197 707 1,175 218 2,422

Total tonnes processed kt 142 188 629 878 97 1,934

Grade processed2 g/t 5.58 4.07 1.01 1.35 6.24 2.06

Gold recovery % 93 95 92 92 79 92

Gold produced2 oz 23,663 23,367 18,671 35,165 11,692 112,559³

Silver produced oz 20,990 23,838 7,799 28,584 0 81,211

Gold sold oz 22,891 22,964 19,181 33,367 0 98,403

Achieved gold price A$/oz 1,486 1,496 1,491 1,501 0 1,494

Cost Summary

Mining A$/oz 551 297 458 179 0 345

Processing A$/oz 196 240 631 291 0 320

Administration and selling costs A$/oz 94 96 154 34 0 85

Deferred waste and stockpile

adjustments A$/oz 107 221 (216) (18) 0 30

By-product credits A$/oz (20) (24) (9) (18) 0 (18)

C1 Cash Cost A$/oz 928 830 1,017 468 0 762

Royalties A$/oz 107 83 65 82 0 85

Other4 A$/oz 11 74 616 131 0 179

Depreciation & Amortisation –

Acquisition5 A$/oz 65 72 0 51 0 50

Depreciation & Amortisation –

Operations6 A$/oz 276 214 298 347 0 290

Total Cost A$/oz 1,386 1,273 1,997 1,079 0 1,366

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Competent Person Statement

The information in this presentation that relates to exploration results, Mineral Resources or Ore Reserves listed in

the table below is based on work compiled by the person whose name appears in the same row, who is employed

on a full-time basis by the employer named in that row and is a member of the institute named in that row. Each

person named in the table below has sufficient experience which is relevant to the style of mineralisation and type

of deposit under consideration and to the activity which he or she has undertaken to qualify as a Competent

Person. Each person named in the table consents to the inclusion in this report of the matters based on his or her

information in the form and context in which they appear.

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Name of

Competent Person Institute

Cracow Resource Definition and Exploration Shane Pike Australasian Institute of Mining and Metallurgy

Pajingo Exploration Results Brentan Grant Australian Institute of Geoscientists

Pajingo Resource Definition Results Calvin Ferguson Australasian Institute of Mining and Metallurgy

Edna May Resource Definition and

Exploration Results Greg Rawlinson Australasian Institute of Mining and Metallurgy

Mt Carlton Exploration Results David Hewitt Australian Institute of Geoscientists

Mt Rawdon Exploration Results Craig Bosel Australasian Institute of Mining and Metallurgy

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